Want to Stash Cash? Try Alaska and Nevada

[GAMETHEORY]

When people think of tax havens, they usually picture the Swiss Alps or Caribbean islands.

But traditional venues like Switzerland, the duchies of Lichtenstein and Luxembourg and Caribbean paradises like the British Virgin Islands are finding competition from the U.S., where lawyers in seven states, such as Nevada and Alaska, are muscling in, looking to grab business from the world's wealthy.

http://abcnews.go.com/Business/PersonalFinance/story?id=4568297&page=1

 

[GAMETHEORY]

More from the article:

"They're peddling the concept of a "self-settled spendthrift trust," an irrevocable trust that is created by its beneficiary and is designed to preserve wealth. A consequence of that is that these trusts can help shield assets from lawsuits or creditors."

I would be more comfortable stashing it away in China or Leinchesten than Alaska though

 

[Muddy Waters]

More from the article:



I would be more comfortable stashing it away in China or Leinchesten than Alaska though

I'm with you on that. The U.S. Government ignores it's own rules and regulations on a daily basis. No shelter or loophole in this country is safe. ​

 

[GAMETHEORY]

bump

 

[GAMETHEORY]

............

 

[Kentaro]

Interesting....